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The Bob Cesca Podcast: Percocet Gunboobs

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JC11/04/2024 5:26:51 pm PST

re: #28 aatharuv

My understanding of US tax code for normies was that gift income is _never_ taxable on the point of view of the recipient — only the giver. So everyone giving Thomas the gifts might be guilty of tax evasion but not Thomas himself.

On his death bed a billionaire gives a gift of his entire fortune to his son, and then dies. If what you say is true, estate taxes would never be collected aside from unexpected/accidental deaths.